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WASHINGTON TRUST CEO Edward O. “Ned” Handy III says the sharp increase in loan charge-offs wase caused by two isolated and unusual setbacks. / PBN FILE PHOTO/MICHAEL SALERNO

Washington Trust execs call $11.4M in loan charge-offs isolated

WESTERLY – Washington Trust Bancorp Inc. executives called two recent commercial loan charge-offs totaling $11.4 million isolated setbacks after reporting a 2% dip in...

Webster Financial Q3 profit jumps 35% year over year to $261.2M

STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank N.A., reported a third-quarter profit of $261.2 million on Friday, an increase...

Bank of America Q3 profit jumps 23% to $8.47B

PROVIDENCE – Bank of America Corp. reported third-quarter profit of $8.47 billion on Wednesday, an increase of 23% from a year ago driven by...

Citizens Financial posts $494M profit in Q3, up 29% year over...

PROVIDENCE – Citizens Financial Group Inc. on Wednesday reported a third-quarter profit of $494 million, an increase of 29% from a year ago driven...
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